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China Exim Bank reports 417.7b yuan of loans in H1

(Xinhua)
Updated: 2009-07-11 14:03

The Export-Import Bank of China (China Exim Bank), one of China's three policy banks, said Friday that it had approved 417.7 billion yuan ($61.16 billion) of loans in the first half year.

The figure was about 129.9 percent up from the same period of 2008.

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The outstanding loans were 517.6 billion yuan by the end of June, about 66.4 billion yuan more than that at the beginning of 2009, the bank said.

The non-performing loans rate was 1.28 percent, down 0.24 percentage points from the beginning of 2009, the bank said.

China's new yuan-denominated loans stood at 1.53 trillion yuan in June, the People's Bank of China said Wednesday.

The June figure brought new yuan-denominated loans in the first half of the year to 7.37 trillion yuan, far exceeding the full-year target of 5 trillion yuan.